and all these debt bombs explode wealth tax to pay for e.u. bailouts wealthy households would face new taxes on property and other assets under german plans to prop up the struggling euro zone so senior advisers to chancellor angela merkel these are called the five wise man you might call them the five wise guys as we would call them here they have come up with a new plan and they think that because the rich can just transfer their cash anywhere they decided they said to help everybody of course is they're going to go after assets that can't be moved like property something we've talked about here is that's one very huge downside to property is it's a sitting duck there you can't hide your mansion on the coaches or they just take it they tax it so this is what they plan on doing instead of taxing cash european union government should in future target property and other less mobile assets for example over the next ten years the rich should give up a portion of their assets professor both and you're set this pretty is. fessor peter both anger on